PBOC sets USD/ CNY reference rate for today at 6.9163 (vs. yesterday at 6.9065)

Here it is folks, the daily mid rate for the onshore yuan from the People's Bank of China

• The bank allows the yuan to fluctuate plus or minus 2% from the specified middle point.
• The offshore yuan is another story, no hold barred for that one!

PBOC continues to send the onshore yuan lower

Also, PBOC skips open market operations today

There are no reverse repos maturing

Thus, neutral action in money market liquidity in China today

Still to come from China:

• Add this to the economic calendar due in Asia today - China trade data
• What to watch for in the China trade data due today